Scandinavian Enviro Systems secures bridge financing of MSEK 7
N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.
Scandinavian Enviro Systems AB (publ) (”Enviro” or ”the Company”) has, with the help of one of the guarantors in the previously announced coming rights issue, secured financing until receiving cash from the share rights issue.
Enviro secures its financing covering the need for working capital including certain investments and rights issue costs until receiving the cash from the rights issue in December. This financing has been made possible with the help of one of the guarantors of the previously announced rights issue.
The financing amount is SEK 7 million, which will be made available to the company as of Nov 1, 2018 and will be in power up to December 31, 2018.
The cost for the financing corresponds to a monthly interest of 2,5% per started 30-day period.
Scandinavian Enviro Systems AB (publ) is required to publish this information under the EU market abuse regulation. The information is provided by the contact person listed above for publication on 31st October 2018 at 14:35 CET.